Topic: Soo, bitcoin is now over 70K - page 3. (Read 763 times)

I really hate using the forums reply feature but

I never used FTX, but back then I was stupid enough to trust a gambling site to keep my funds safe because they were welcoming and friendly all around. I know better now (and no and i’m not a gambler, they had a NFT section where i earned thousands by buying and selling nfts)

My mistake was depositing using a websites address, and that website their team chose FTX for their wallets and due to anti laundering checks they sent it back to the most recent depositing address. I’ve actually never owned anything to FTX but my money was sent to the companies address and if they didn’t use FTX i would have gotten it back, rip

I did hear about the “Not your keys not your bitcoin” in 2022 actually but I had no clue what it meant. It was literally here https://m.youtube.com/watch?v=p9jhS84WOK8

Only reason why i’m not immediately moving to a different wallet is because currently I only have $22 in crypto since most of it is spent in other assets. I’m not getting a huge amount of crypto anytime soon and I will be learning this stuff alot more before I receive any huge crypto payment again. If exodus ends up dipping I won’t have much stored and not care about loss. If I ever do receive a huge sum of crypto again i’m definitely getting a secure wallet and not using anything stupid. And not using exodus either to store em.

I did have something for litecoin that was most likely a 100% safe wallet back in 2021 but I lost it when my old pc randomly died.

To avoid bad habits like I used to use a trust wallet and have actively used FTX, now I think a multi coin wallet can be tried to be unstoppable rather than an exodus wallet which can be like a time bomb like what NotATether said.

Of all the wallets, I recommend Electrum and Bluewallet.
It's absolutely not right to use an ecxchange like FTX f*ck even just for a few days.
This also applies to me as a self-reminder.

Bitcoins in a special wallet that is not mixed with altcoins.
Hardware wallets, I agree.

Threads like this always make me wonder why people ignore good advice given by others for free? We were telling you not to hold money on exchanges for years, but greed is stronger. Either it's greed or laziness, because I'm sure that OP heard the phrase not your keys - not your coins.

As for SBF, there will be others like him. There are people like that in every business, so at least try to be more careful and avoid them. I can bet anyone that there will be another Do Kwon, another SBF, another Mark Karpeles, just give it some time.

There's no point regretting the past, it's just history which should be able to make you a better person in the future, especially in making decisions regarding money. Of course there are regrets, but the best thing now is to make things better.

People will say, prevention is better than cure; that's right. Mistakes in the past should be valuable lessons in the present, not only for you but for everyone too. Everyone has made mistakes and maybe regretted them, but if you learn from them you will definitely be better.

If I remember correctly, the Trezor hardware wallet I only bought for $80. What's confusing is that many people always give hundreds of reasons when someone advises them to own a hardware wallet to protect their bitcoins. Like OP, he used to own a large amount of bitcoin and had transactions worth tens of thousands of USD, but he said he could not afford to buy a hardware wallet for less than 100 USD. He also received a valuable lesson from the collapse of FTX, but it seems he still hasn't awakened to anything? It's strange.

Why would you wait for that? Its not like hardware wallet is thousands of dollars as you can get a pretty good one for less than $100 which is nothing really.

Some years ago I lost like 90% of my crypto (phishing) and the very first thing I did after clearing my head was ordering a hardware wallet, even though at that time I had less than $1k worth of crypto left and I can tell you that I sleep much better since then.

Well, it's part of investment that you lose money. You win money sometimes, you lose money sometimes, and yes losing sucks, but the best thing you can do is to just move on, move forward, and learn from it.

I guess I'm just lucky that I didn't invest a single penny on FTX because, at that time, I didn't want to hold not only FTX but exchange coins in general. Scam Bankman-Fraud is now in jail, and your money will be lost forever. As for mental health, I don't know if some of these are true, and this isn't only about FTX, but in general, some investors even committed suicide because of them getting scammed big time. I mean 5-digit and sometimes 6-digit losses. I just hope that you're OK now OP after you're losses with FTX.

Markets move in cycles. It will go up, and it will go down. It's only a matter of how will you maximize the opportunities that the market is being given to us.

Your privacy should be protected when holding bitcoins there are many good wallets for holding bitcoins. If you keep your own personal wallet you don't have to be in the bad situation of losing it there are risks involved in using centralized exchanges. While making this type of wallet however, several precautions must be taken. Obviously we must make sure that no one is observing us while we create the wallet. We must learn to avoid the risk of spyware monitoring our activities but hopefully don't make this kind of mistake again and move forward with learning from here.

A lot of people are still using centralised exchanges to save their coins; these are people who can still tell you the full story of Mt.Gotz and FTX as well as how the exchanges went bankrupt; what more can you tell these people than that where they're saving their money isn't safe. If another exchange goes bankrupt soon, there will still be a lot of people who will fall victim to such a scenario because people can listen to you but will not play safe and heed your advice when gambling and moving with their coins across exchanges which is susceptible to loss at anytime.

Broski if you have 5 figs worth of money into bitcoin/crypto, then absolutely get a Ledger/Trezor hardware wallet. It's not even debatable as to why you need to get one, it's pretty much absolutely mandatory. Don't be another victim!

Read: https://chainsec.io/wallets

You had the opportunity of choosing between a custodial wallet and a non custodial wallet, but you made a decision in such regard as to go for what you want, who should we blame, at least you cant expect them to change from what they are or the risk they bear, we are the ones expected to play safe and avoid using them, just as the way some people are still using other centralized exchanges now without knowing the future consequences they may bring their way, i thought FTX should be a lesson to many after Mt.Gox.

Do not regret the past, as these are lessons from which you learn how to become better. Now focus on following up on the details of what happened to FTX^[1] in the hope that you will be able to recover even a small part of your money.

Remember to always withdraw from any platform after completing trading, and not to leave more than what you need for daily trading on the platform, regardless of the incentives that will be offered, such as high staking, APY, or other things that may make you leave your money with them for a longer period.

Exodus wallet / trust wallet and others are closed source wallets and do not differ much from what happened with FTX, and if you do not believe it, Atomic Wallet is hacked! Get your funds out now!


[1] https://bitcointalksearch.org/topic/--5419710

Yes, Bitcoin is over $70k, and even over $72k to be precise. You have lost your holdings because you kept it in a custodial wallet of an exchange which is not recommended at all. If you have withdrawn your Bitcoin at right time in your own personal wallets then now you would be enjoying $12k, if you had hold it till this day. But, well we always learn lessons from our mistakes and I believe you also learnt your lesson which is to never trust a custodial wallet with your money.

How much is a hardware wallet? $100 or $200? And you have seen over 4k dollars turning into 12k? There is no excuse for you to not get a hardware wallet, because you are already risking lots of money on Bitcoin, you need to get one straight away.

You don't have to wait till you have a lot of money before buying a hardware wallet, believe me I was like you, and losing my Bitcoin was when I lost my cool and took out some funds in my crypto wallet to order for a hardware wallet instantly, between a week it was shipped to me.

You want to wait till you lose some assets first? Just like I did? Learn from my mistakes mate, the best route is a hardware wallet, a hardware wallet like Airgapped that's always offline keeps your crypto safer than others.

Just tuck in and charge in to experience, I think you are not the only one that could have regret their decision like 2 years ago and now seeing that the price has move past and over $70k. Majority of us could have sold early as well, but what can we do? We just have to be positive and move on and then accumulate even at today's price, who knows, majority is expecting at least 6 digit in the future. And if that happens then we still have chance to make profit. So just forget about it, time to make a new plan and strategy to be able to salvage profits in this bull run.

And if you check these transactions after the next 10-15 years, you will cry non-stop.

You lost 4K, at the exchange rate that was at that time.

The past can't be brought back. Leave the past in the past. This can't be changed, and the money can't be returned. But focusing on future opportunities can bring profit.

Losses can't but be sad. It’s best to forget about it - it will be easier for your psyche.

It's not insane to see how cryptocurrencies have risen, but greed.

In the community I'm most active on most people use exodus and recommend others to use exodus to others all around. (No one there is a crypto expert not even me) The first wallet I used was Blockchain or something and it was fucking horrible, it gave me a huge fee for a $900 transaction and pissed me off so much. Someone in the community recommended me exodus almost 3 years ago and I started using it ever since, I was happy with low fees and a more organized view and was able to understand some of the basics overtime with exodus.

I'm going to forward this message to a friend. He recently exchanged like $1.5k worth of crypto to LTC or something and now his money was gone even though the exchange completed (He didn't fall for any RATs or viruses) Can you show more information to me about this so I can tell him more?

I have no funds on exodus and the one time I held more than 5 figures worth of funds it felt extremely uncomforting and I just wanted to get rid of it quickly, so it was all disposed of within under a week.

 Thank you for that.

Exodus wallet is a ticking time bomb, and I advise you to pull all your funds out NOW and put them in Unstoppable or Coinbase Wallet or something.

There have been too many instances of crypto mysteriously vanishing from people's accounts in the form of outgoing transactions to unknown addresses. Also never use their built-in exchange feature - that is a KYC "document-rugpull" trap.

I'm using exodus but I'm very concerned how I haven't discovered any sort of 2FA Feature before sending funds by now. - They have actually saved me from losing my money once so far when my old PC suddenly stopped, thankfully I was logged onto my same wallet using another PC

I do plan on making the switch in the future to a hardware wallet, probably the next time I have lots of money in crypto. I do not have much in crypto but random virtual items and @ handles which they've probably all gone up fairly as well since people have more money to spend.

Unfortunate. All you can do now is to make sure to not make the same mistake. Don't leave funds on centralized exchanges unless you frequently/actively trade them; if not, then always use hardware wallets and non-custodial wallets to prevent disasters like this.

https://NotYourKeys.org/